$96,415.00
2.19%$1,827.33
1.44%$2.14
1.21%$604.17
0.90%$145.91
0.97%$0.999973
-0.00%$0.171936
1.48%$0.676266
2.55%$0.244203
-1.03%$1,825.61
1.43%$96,336.00
2.40%$3.38
1.06%$13.90
2.57%$19.85
0.50%$0.2607
0.87%$8.73
0.80%$2,195.01
1.36%$0.00001278
0.82%$0.999797
-0.01%$3.00
-0.25%$374.87
4.22%$0.176253
1.42%$20.75
2.65%$91.36
10.65%$3.95
1.41%$288.49
3.14%$1,827.52
1.47%$0.999884
-0.04%$4.31
0.37%$1.001
0.02%$96,424.00
2.23%$1,949.17
1.44%$0.580236
-1.02%$28.15
-1.18%$0.00000801
1.16%$371.14
-0.57%$50.68
-0.15%$4.78
-2.41%$4.91
-0.21%$1.00
0.00%$1.05
0.02%$2.30
-1.35%$0.866961
0.34%$21.46
0.05%$0.091727
4.04%$173.96
0.87%$16.27
1.74%$4.63
0.91%$0.712002
-0.30%$29.63
-0.30%$0.089758
-4.47%$4.30
-1.24%$10.90
-0.32%$0.02478847
-0.36%$0.999826
0.04%$1.17
0.03%$96,263.00
2.47%$0.218626
-0.57%$4.14
1.91%$4.30
0.18%$0.686103
2.73%$0.199141
0.11%$2.57
-1.44%$0.512562
0.13%$0.270244
1.91%$0.998576
-0.06%$4.10
0.82%$2.36
-0.30%$0.30777
-0.31%$10.77
0.01%$96,007.00
1.77%$0.00001682
-2.80%$0.948454
7.68%$86.72
3.27%$0.824514
6.61%$1.24
-0.51%$1,479.42
-3.44%$0.01887311
1.98%$0.419459
-1.88%$153.43
1.11%$0.072217
-1.55%$1,827.11
1.38%$0.691913
-1.47%$0.999578
-0.02%$1,903.71
1.54%$1.02
-9.23%$3.75
2.26%$0.608659
-3.55%$0.196193
-2.44%$0.527975
-4.19%$1.45
-11.76%$9.30
0.06%$0.676667
-0.50%$1.00
-0.02%$0.999717
0.00%$15.25
0.88%$0.090695
-0.69%$2,071.50
1.31%$3,386.35
0.65%$3,390.61
0.59%$0.999831
0.00%$0.197632
-2.52%$604.10
0.85%$96,249.00
2.07%$188.23
1.02%$0.01545677
-0.82%$96,905.00
3.09%$161.46
0.99%$0.00007667
-0.73%$95,729.00
2.02%$36.61
-1.38%$0.711754
-1.91%$0.564948
-3.81%$2.43
3.35%$0.01121843
-4.46%$0.701485
0.22%$0.781156
0.41%$1,946.25
1.36%$0.00000069
-1.49%$3.71
-1.94%$0.0151196
-0.65%$0.11424
1.52%$0.27234
-0.83%$0.998041
-0.02%$1.99
-0.84%$0.998536
0.47%$37.96
5.62%$17.90
2.43%$1.098
-0.49%$1,912.61
1.47%$0.368718
-2.14%$0.01717395
5.17%$0.571836
2.19%$0.537055
-0.56%$0.294112
-1.54%$0.052539
0.61%$3.19
-0.02%$101,093.00
5.66%$1.57
-2.59%$0.998486
0.06%$0.00536809
-0.52%$96,207.00
2.07%$1,910.28
1.40%$0.601027
0.55%$1.00
0.00%$0.131915
-5.32%$0.066965
-0.53%$110.95
0.01%$0.00830508
-3.49%$0.434808
-0.24%$0.999996
0.00%$0.494667
-4.78%$96,086.00
2.54%$0.388593
-3.72%$1.27
2.60%$6.76
-2.58%$95,438.00
8.98%$0.17185
1.38%$0.560642
-2.96%$0.173201
-4.99%$15.14
-2.50%$1,826.74
1.45%$0.00002092
-2.96%$1.50
2.86%$0.132488
2.64%$0.00000041
-1.26%$0.155652
10.79%$1.085
-0.01%$1.00
0.07%$0.15999
-8.72%$1,946.00
1.40%$0.486442
-1.39%$1,827.63
1.45%$0.00737964
-1.58%$0.395119
2.15%$5.46
0.85%$0.03927486
-0.96%$1.76
-35.91%$0.00542307
-4.93%$2.31
-0.54%$1,826.38
1.38%$0.385604
-6.99%$1.48
-10.19%$1,827.61
1.68%$0.071363
-1.17%$0.21899
-0.35%$32.51
0.58%$1.00
0.04%$1.34
-2.62%$21.51
-0.44%$0.076703
-2.35%$38.65
0.65%$2.89
-3.18%$0.17009
-2.69%$0.00401699
1.10%$0.01749382
-1.03%$0.03383724
-3.95%$1,873.99
2.18%$0.347193
-2.14%$0.998744
-0.04%$0.0000586
-1.17%$0.762121
-1.15%$0.999714
-0.02%$1.00
0.01%$0.999723
0.03%$0.485298
-1.71%$96,364.00
2.09%$0.678194
-0.53%$0.00000148
2.50%$0.301216
4.75%$0.652852
0.17%$20.72
2.30%$1,816.39
1.22%$97,265.00
3.58%$110.87
1.45%$3,387.66
1.52%$0.258309
-5.12%$0.00281048
4.05%$1.00
0.02%$1.13
35.31%$19.83
0.44%$2.44
-2.14%$0.218785
-2.83%$0.128339
-4.08%$0.454459
-11.64%$0.246013
28.54%$2.79
-0.83%$0.0309293
0.60%$1,936.83
1.55%$0.188782
-2.83%$0.521149
-1.60%$1.098
0.04%$21.12
-3.18%$3.15
9.88%$0.00000065
3.92%$0.252994
-2.96%$1,936.12
2.20%$2,006.11
1.48%$1.53
1.25%$0.999582
0.01%$0.999716
0.02%$96,261.00
4.02%$14.68
0.52%$1,989.91
1.43%$0.03486979
-3.83%$1,827.55
1.44%$0.996149
-0.04%$1.14
0.31%Reading
Role
Co-Founder of Ethereum
Location
Singapore
Education
University of Waterloo
Current Project
Ethereum, Bitcoin Magazine
Previous Projects
Bitcoin Magazine
Ethereum (ETH) has slipped by 5% in the last 24 hours, and is currently trading at around $1,900, according to data from CoinMarketCap.
The latest price action comes just 48 hours after Ethereum, the industry’s second-largest cryptocurrency by market capitalization, topped $2,000 for the first time since May.
ETH managed to stay close to that mark over the weekend, hitting $2,022 on Sunday, before today’s sharp price decline.
Despite a significant drop over the last 24 hours, Ethereum is still up over 7% in the past week, making it the best-performing coin of the week among the ten largest cryptocurrencies over that time span.
Ethereum gained traction over the past few weeks in anticipation of the Merge event that will see the network move from its current energy-intensive proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS).
Last week, the network’s third testnet, Goerli, successfully shifted to PoS, prompting a 14% surge in the token's price. It also meant that the final dress rehearsal before the Ethereum’s network shift from PoW is now complete, and the Merge is entering the final stretch of preparatory work.
Ethereum is entering the final stages of preparations for the much-anticipated Merge event after Goerli, the network’s third and final testnet, successfully switched over to a proof-of-stake (PoS) consensus algorithm on Wednesday evening. ETH was up 14% in 24 hours at the time of writing, buoyed by anticipation of the Ethereum mainnet merge next month. Earlier this summer, the Ropsten testnet successfully transitioned to PoS in June, and the Sepolia testnet making a similar switch at the beginni...
The upgrade, which is expected to go live in about a month’s time, will address the Ethereum network’s scalability issues, while also lowering the transaction costs.
Originally, it was expected that the Merge event would take place around September 19, however, a new tentative date of September 15 was later revealed, with developers setting the terminal total difficulty (TDD)—the exact moment when the network will produce its first PoS block—last week.
“The terminal total difficulty has been set to 58750000000000000000000. This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine,” Ethereum-co-founder Vitalik Buterin tweeted last Friday.
He added that bordel.wtf, a website that was set to track the timeframe for the approaching Merge, predicts the transition will happen around September 15, although the exact date may vary as it depends on the network’s hashrate.
The terminal total difficulty has been set to 58750000000000000000000.
This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine.https://t.co/3um744WkxZ predicts the merge will happen around Sep 15, though the exact date depends on hashrate. pic.twitter.com/9YnloTWSi1
— vitalik.eth (@VitalikButerin) August 12, 2022
Elsewhere in the market, Bitcoin (BTC), the world’s largest cryptocurrency by market cap, hit the $25,000 mark on Sunday—a level last seen in mid-June—however, it too has slipped over the past day, and is currently down 2.4%, trading at around $24,100 at the time of writing.
Gold prices extended gains and Bitcoin hovered near February highs on Tuesday as investors positioned ahead of the Federal Reserve’s policy announcement and digested fresh geopolitical and trade-related risks. The Federal Open Market Committee is expected to hold interest rates steady at 4.25% to 4.50% when it concludes its two-day meeting Wednesday afternoon, U.S. time. Chair Jerome Powell will deliver remarks shortly afterward, with markets watching for any shifts in tone following recent sig...
Investment bank Benchmark has upgraded Bitcoin mining hardware manufacturer Canaan’s stock to a “buy” rating in an analyst’s note Tuesday. Equity research analyst Mark Palmer said that the firm's strategy of expanding in North America will help its stock rise, and set a $3 price target—five times the current price. Canaan (CAN) is listed on the Nasdaq. “We believe the company’s ADRs are very inexpensive,” Palmer wrote, adding that the bank expected CAN “to appreciate as it executes on its strat...
The price of Bitcoin hovered around $95,000 on Tuesday as U.S. stocks fell on President Donald Trump’s apparent frustrations regarding the status of trade negotiations. The leading cryptocurrency by market cap was roughly flat over the past 24 hours, according to crypto data provider CoinGecko. Most top altcoins showed mild losses, with Ethereum and Solana falling 2% to $1,780 and 1.5% to around $145, respectively. Alongside Canadian Prime Minister Mark Carney’s visit to the White House, Trump p...
